ECONOMY | WHAT REALLY HAPPENED

ECONOMY

Nov 17 11:59

You Can Run But You Can’t Hide | Doug Casey

Nov 17 10:21

BC: Gold or Gunfire: Hedging Against the Collapse of the Dollar

BC stands for NEO’s Banned Classic. This article was originally published by our journal on 27.10.14. For some reason, this article is missing from Google search results. Since this article remains pretty relevant to those geopolitical events that are taking place on the geopolitical stage today, we deem it possible to present it to our readers once again. Should it go missing again, you may be confident that you will see it republished by NEO once more, should it still remain relevant by that time.

Nov 17 10:16

Demon Technology: 5G vs. Human Race

LIVING DANGEROUSLY

Over 180 scientists and doctors in almost 40 countries are warning the world about 5G health risks. These scientists spell it out in a recent letter in response to ‘Resolution 1815 of the Council of Europe’:

“We, the undersigned scientists, recommend a moratorium on the roll-out of the fifth generation 5G until potential hazards for human health and the environment have been fully investigated by scientists independent from industry. 5G will substantially increase exposure to radio frequency electromagnetic fields (RF-EMF)… and has been proven to be harmful for humans and the environment.”

If you’re not alarmed about 5G radiation dangers, you should be.

Nov 17 10:11

The Zionist Path to NWO - US Imperialism

Humanity has a choice between a Communist (Left, globalism)
and Zionist (Right, nationalism) path to world government Rothschild tyranny,
aka "globalism."

The Communist path is epitomized by George Soros and everything
he epitomizes ( Satanism, EU, gender dysphoria, migration.)

If Neocon Thomas Barnett's Pentagon's New Path (2004) is any indication,
US imperialism is the hod carrier for Zionist NWO.

Ultimately, the goal may be to start a world war between
the Communists (Russia, China, Iran & EU?) and the Zionists (US, UK, & Israel?)

Nov 17 09:05

Trouble Ahead? S&P 500 v Top IPO's of 2019

Nov 17 06:29

Cannabis Extracts Will Propel Industry’s Rise

Longtime readers will remember the first time I put cannabis investing on your radar.

That was over two years ago.

At the time, there were only a couple dozen publicly traded cannabis companies. Today, there are over 300.

New ones seem to be popping up each week. Others are merely adding “cannabis” or cannabis-related words to their company names to tap into the green gold rush.

Nov 16 22:44

FLASHBACK: President Morales Calls Out U.S. Foreign Policy as Trump Listens in UN Security Council Meeting

If the U.S. cared, it “would not have threatened with military intervention democratically elected governments as it has done with #Venezuela,” the Bolivian president continued in his denunciation of American violations of #InternationalLaw. “The United States could not care less about human rights nor justice. If this were the case, it would have signed the international conventions and treaties for the have protection of human rights.”

President #Trump wore a small earpiece to hear the English translation while others wear larger ones at the UN Security Council meeting.

“In no way is the United States interested in upholding democracy. If such were the case it would not have financed coups d'etat and supported dictators,” said Evo Morales, President of Bolivia.

“Morales was in a position to make the statements because Bolivia is one of the nonpermanent slots on the council. ” - The Hill, Justin Wise - 09/26/18

Nov 16 15:12

Google Faces Antitrust Probes By 48 States And DOJ -- Use Presearch

By Aaron Kesel

Google is facing an antitrust violation investigation into its practices of its search and Android software in all 48 states, Puerto Rico and Washington DC by their respective attorneys general, CNBC reported.

The states investigating Google are preparing to expand their antitrust probe beyond the company’s advertising business to its search and Android businesses.

The attorneys general will write up subpoenas known as civil investigative demands, or CIDs, to support the ongoing investigation into Google’s practices. According to CNBC, “states will carry out the investigations of search and Android separately, the people said. It wasn’t clear which states would look at those businesses, however.”...

Nov 16 14:06

Battle Stations - SR-71 Blackbird Stealth Plane -Full Documentary

https://tribunist.com/technology/sr-71-blackbird-pilot-trolls-arrogant...

Kelly Johnson and The Skunk Works.

http://www.p38assn.org/Personnel/kelly-johnson.htm

The Lockheed SR-71 Blackbird (so named for its heat-resistant black paint) first flew in 1964, and since that time it has remained the world's fastest aircraft. Tanks in the inner wings and upper fuselage carry the 80,000 pounds of special, superheated fuel.
Few weapon systems have ever entered the military arena with such blinding superiority as did the Lockheed SR-71 Blackbird. No weapon system has ever maintained that same degree of superiority over a period of four decades. Today, the Blackbird is still the fastest, highest-flying, most-effective reconnaissance aircraft in history, even though budgetary considerations have caused it to be withdrawn from active service.

Nov 16 10:19

When Money Is The Problem

By Biblicism Institute

What made America great was the fact that the average joe could work hard and provide for his family.

It was called the American Dream. But somewhere along the way something went wrong, and the dream became a nightmare.

WHAT WENT WRONG

The biggest culprit in the death of the American Dream is the US Federal Government.

In general, when a government stays put and does not infringe on the personal and financial lives of its people, one can almost bet that things will remain pretty stable.

Nov 16 08:16

Vladimir Putin Sums Up The New World Order In 5 Words

Russian President Vladimir Putin succinctly summarized the shifting tectonic plates of geopolitics.

Ben Rickert
@Ben__Rickert
Vladimir Putin: "The Dollar Enjoyed Great Trust Around The World. But For Some Reason It Is Being Used As A Political Weapon, Imposing Restrictions. Many Countries Are Now Turning Away From The Dollar As A Reserve Currency. US Dollar Will Collapse Soon."

Webmaster's Commentary: 

Putin is not saying this to hear himself talk; it is a financial reality for him.

So please, readers; do not have any more money in the bank than enough to cover your bills; think about investing in silver and gold, and make sure you have some potable water; storable food; and extra of what ever meds you and the family may be taking.

Between a potentially collapsing currency, coupled with massive food shortages, due to unplantable cropland in the US, you will thank yourself for doing this now.

Nov 16 08:06

More Stock Hedges Being Trimmed

Nov 16 07:56

Human rights abuse accusations proliferate in Chile unrest

Father-of-three Alex Nunez was returning from work in October during a military curfew imposed to curb violent protests in Chile’s capital Santiago when, his family say, he was chased by three police officers who beat him badly.

Nunez, a 39-year-old repairman, made it home that night but was rushed to hospital, where he died from his injuries shortly afterwards.

“Only 5% of his brain was working. They couldn’t operate,” his widow Natalia Perez told Reuters at her home in the low-income Santiago area of Maipu.

“He had a brain injury, cerebral edema and fractured skull.”

Police did not respond to a request for comment on the case and Reuters could not independently verify the family’s account.

Webmaster's Commentary: 

When innocently walking home becomes an "offence against civil government", something is very, seriously screwed up with that country's moral compass.

Nov 16 06:44

Will Consumers Bail Out The Economy

Nov 16 06:25

Massive Protests in Bolivia Condemning Government Takeover

A week of unrest in Bolivia has seen the military take over after one president’s resignation, and a new president declaring herself to be in charge despite not having anywhere near the votes to assume the post. The week ends with large protests.

Thousands are taking to the streets in all of the major cities of Bolivia, criticizing the military coup and demanding the resignation of the interim president. Large numbers of protesters are from the country’s indigenous people, who are condemning the new president as racist for her previous comments that indigenous people don’t belong in the cities.

Anger at interim president Anez was also directed at Bolivian security forces, particularly the police who have been stopping protests in recent days, and who have assisted Anez’s takeover by blocking marches on parliament.

One Bolivian hospital director in Sacaba reported at least five protesters killed and 75 injured. Most casualties are reportedly the result of gunfire

Webmaster's Commentary: 

The real trajectory of this coup, will be seen in terms of how securely Anez has control of the military; if she loses that, all bets are off.

Nov 16 06:19

Iraq’s Top Shi’ite Cleric Backs Protests, Says Iraq Will Never Be the Same

In a move that almost certainly will have a major impact on Iraq’s future, the nation’s top religious leader Grand Ayatollah Ali Sistani has publicly endorsed the protesters and is demanding that the ruling elite give in to real reforms.

Sistani rarely interjects in Iraqi politics, which tends to make his rare comments highly influential. After weeks of criticizing violence against the protesters, he is now accusing the government of being “delusional” and thinking they can stall to avoid real reform.

Sistani went on to declare that what comes after the protests “will not be the same as before,” and that the government should recognize that fact. He also praised the protesters for the honorable way they’d sought reform.

Webmaster's Commentary: 

Iran muffed it here, and there will be a lot of blowback for its having supported a corrupt, non-functional government.

Nov 16 06:16

Saudi Aramco to go Public in December in an Effort to Bring Outside Investors

Gen. David Petraeus, the retired four-star Army general and former head of the CIA, told CNBC on Thursday that Saudi Arabia is “gradually running out of money.”

Petraeus said the Saudi’s need their initial public offering (IPO) of the state-run oil company Aramco, to be successful. In December, the Saudis plan on releasing some shares of Aramco to the public in an effort to attract outside investors.

The IPO is part of Crown Prince Mohammad bin Salman’s “Vision 2030,” his effort to diversify Saudi Arabia’s economy and reduce its dependence on oil exports. Petraeus said Saudi Arabia’s budget deficits can be “anywhere from $40 to $60 billion” each year, depending on the price of oil.

When asked about other people’s criticisms of the crown prince, Petraeus said it was in the entire world’s interest to see “Saudi Arabia succeed” and to also see it “moderate” some of its practices.

Webmaster's Commentary: 

General Petraeus, a word, please; as long as the Saudi Royal Family runs the kingdom like their own personal fiefdom, and as long as they continue their genocide of Yemen, not to mention assassinating people whose opinions they do not like, Saudi Arabia has no motivation to "moderate" some of its practices.

Constitutional monarchies can, and do work; but unless, and until, this happens here, Saudi Arabia will continue to be a rogue nation, flattering itself into believing that all acts of savagery are acceptible... because it is the Saudi Royal Family doing those acts of savagery.

IF this IPO folds like a really bad souffle, it is possible that the Butcher of Yemen may have to do some real thinking about the money it takes to fund his genocide in Yemen.

Such a bad "financial bounce" from the failure of his IPO may get Saudi and Houthi forces talking about a negotiated settlement to end hostilities, which is what sane people have suggested for years.

Nov 16 05:41

259 areas of UK struggle to get hold of their money because ALL the local ATMs have been closed

Hundreds of communities have little or no access to a ‘hole in the wall’ cash machine, creating hardship for thousands, say researchers.

People living in 259 postcode areas across the UK struggle to get hold of bank notes to carry out simple tasks such as buying a pint of milk or paying a bus fare, they found.

And the situation is set to get worse as Britain sleepwalks towards a cashless society.

Consumer group Which? said ATMs were closing at a rate of 578 a month in the first half of this year. This is creating a ‘cash desert’, which makes life particularly difficult for the elderly, who prefer to use cash, and small businesses.

Webmaster's Commentary: 

Were these ATMS closed because of theft or robbery problems, or was someone signing off on orders to close these ATMs who was unable to think the entire scenario to its logical conclusion.

Nov 16 05:38

Over 50,000 people move from Ukraine to Crimea after its reunification with Russia

SIMFEROPOL, November 13. /TASS/. Crimea has received about 170,000 people, including 50,000 from Ukraine, after the peninsula’s reunification with Russia, Crimean Parliament Speaker Vladimir Konstantinov said on Wednesday.

"About 170,000 people have come to Crimea for permanent residence over the past five years. Of these, more than 50,000 [people] came from Ukraine. As many as 7,000 left Crimea for Ukraine, while 80,000 moved to Russia’s regions," he said at a meeting with a delegation of foreign journalists.

Konstantinov did not specify what citizenship people coming to Crimea from Ukraine had.

A delegation of foreign journalists from the European Union, Africa and Asia is paying a familiarization visit to Crimea on November 12-14. It is comprised of delegates from Italy, Slovakia, France, the Republic of Congo, Vietnam, Kenya, South Africa, India, Portugal and other countries.

Webmaster's Commentary: 

It looks like there are a lot of Ukrainians, voting with their feet!!

Nov 15 20:22

Understanding the Repo Crisis

Nov 15 19:19

What is the outlook for the US economy?

Nov 15 14:56

A Second American Civil War? | Live From The Lair

Many pundits and conspiracy theorists insist it's coming. Popp weighs in on what such a calamitous event would look like.

Nov 15 12:22

Recession Warning: Freight Volumes Negative YoY For 11th Straight Month

Authored by Mike Shedlock via MishTalk,

The Cass Freight Index once again warns again of economic contraction.

Donald Broughton, founder of Broughton Capital and author the Cass Freight Index says the index signals contraction, possibly by the end of the year.

That's just one one month away.

Six Key Points
With the –5.9% decline in October, following the string of declines in May through September (ranging from -3.0% to -6.0%), we repeat our message from the previous five months: the shipments index has gone from “warning of a potential slowdown” to “signaling an economic contraction.”

We acknowledge that: all of these negative percentages were against tough comparisons (some extremely tough), and the Cass Shipments Index has gone negative before without being followed by a negative GDP. However, demand is weaker across almost all modes of transportation, both domestically and internationally.

Nov 15 12:19

Libyan Official Urges New US Intervention After Russians Seen "On Front Lines"

A new report in Axios suggests that Russia has significantly increased its presence in war-torn Libya, perhaps seeking to clean up the mess left in the wake of the US-NATO led regime change war which toppled Muammar Gaddafi.

This after a recent NY Times investigation found that at least 200 Russian mercenaries from Wagner Group have been in Libya supporting renegade General Khalifa Haftar's offensive against the UN-backed Government of National Accord (GNA) in Tripoli.

Eight years after Gaddafi's overthrow and brutal field execution at the hands of NATO-backed rebel Islamists, the oil and gas abundant country is still in the throes of grinding factional civil war.

Interior Minister for Tripoli's GNA Fathi Bashagha told Axios the unfolding “proxy war” will doom the country to become “a haven for terrorists and extremists” unless the US steps in again.

Nov 15 12:02

“Crime Against Democracy”: U.S. Backed Fascist Coup in Bolivia

When Morales was declared the winner in the October 20th elections, violent right-wing protests soon followed. The leaders of the opposition led by mostly fascist elements of Bolivian society including Luis Fernando Camacho who Max Blumenthal and Ben Norton of The Grayzone described him as “a powerful multi-millionaire named in the Panama Papers, and an ultra-conservative Christian fundamentalist groomed by a fascist paramilitary notorious for its racist violence, with a base in Bolivia’s wealthy separatist region of Santa Cruz.”

Nov 15 11:50

Sanders, Warren speak out against Israel-Gaza violence

2020 presidential candidates Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) on Thursday condemned recent violence between Israelis and Palestinians following the announcement of a cease-fire earlier in the day.

The two candidates took to Twitter to condemn acts of violence from Palestinian militant groups accused of firing rockets at Israel, while also calling for an end to the Israeli blockade of the Gaza Strip.

"Israelis should not have to live in fear of rocket fire. Palestinians should not have to live under occupation and blockade," Sanders tweeted.

Webmaster's Commentary: 

These are great, and well-nuanced sound bites; but at the end of the day, they will do nothing to forestall more violence perpetrated by Israel against Gaza.

My sense here, as that the IDF will wait for the US Thanksgiving Holiday, starting on 27 November, to uncork, big-time, against Gaza, as they figure that most of Americans will be too sated with turkey's L-tryptophan, and football, to really care, (if they ever did) about what they are going in Gaza.

Nov 15 11:17

Margin Debt vs $SPX

Nov 15 11:16

When Did Ukraine Become a ‘Critical Ally’?

On hearing the State Department’s George Kent and William Taylor describe President Donald Trump’s withholding of military aid to Ukraine, The New York Times summarized and solemnly endorsed their testimony:

"What clearly concerned both witnesses wasn’t simply the abuse of power by the President, but the harm it inflicted on Ukraine, a critical ally, under constant assault by Russian forces."

"’Even as we sit here today, the Russians are attacking Ukrainian soldiers in their own country, and have been for four years,’ Taylor said. ‘I saw this on the front line last week; the day I was there a Ukrainian soldier was killed and four more wounded.’"

Kent compared Ukrainian resistance to Russia’s intervention on the side of the Donbass secessionists to "our own Minutemen in 1776."

Webmaster's Commentary: 

Forgive me, folk; but this codswallop is nearly causing me to lose my lunch.

And Patrick Buchanan, dammit, you are better than this, sir.

For the record, there was no "annexation of Crimea by Russia". After the 2014 Putsch, (orchestrated by Washington and the West: see Washington Was Behind Ukraine Coup: Obama admits that US “Brokered a Deal” in Support of “Regime Change”

Two things were done by the head of Crimea's government; the first was to do a free and fair referendum, to ask, post Putsch, if Crimea's people wanted to stay with Ukraine, or petition Russia to become a member of the Russian Federation. The overwhelmingly voted to leave Ukraine, and petition the Russian Federation, a petition Russia accepted. Crimean Status Referendum

And Sir, I am rather chagrined that I need to remind you; Russia, Ukraine, and the US are Signatories to the UN Charter,and the UN Declaration of the Rights of Man, which enshrines the concept of peaceful self-determination, which was precisely what Crimea did in this instance.

Nov 15 11:00

Bolivia’s Senate Agrees to Work Toward Early Elections

A late night vote in Bolivia’s Senate, which finally had a quorum after the police stopped blocking the ruling Movement for Socialism (MAS) party from the chamber, has agreed that all parties will work together toward having new elections as soon as possible.

New elections were promised by former President Evo Morales, and are still the goal despite his ouster and exile to Mexico. A lot of details are disputed between Morales’ MAS and self-proclaimed interim president Jeanine Anez, who was endorsed by the US and Bolivia’s military.

Early, free elections are likely to be a matter of dispute, as Anez insisted that, while she will allow the MAS to run a candidate in the vote, they’d better come up with one soon, and that she would absolutely forbid Morales from running again.

Webmaster's Commentary: 

Unless she has the guns and military behind her, and in massive numbers, I have to think that this coup might well be short-lived; Morales had the interests, and the concerns, of all of the Bolivian people close to his heart; that made him utter Kryptonite in Washington.

There is also a companion piece, again from antiwar.com, which is worth reading here, and that is: Finally Got Him: The Bolivian Coup.

Nov 15 10:54

Trump Demands Five-Fold Increase in Payments From South Korea: Officials scramble to justify Trump's demand for $4.7 billion

South Korea has historically paid an unusually large percentage of the cost of keeping US forces there, and under pressure from President Trump, agreed earlier this year to a substantial increase, with South Korea agreeing to pay $924 million annually.

Since then, Trump had suggested a few times that he wanted more, and that South Korea could easily afford it. His new demand, however, shocked everyone on both sides as he is demanding over five times what South Korea is paying, $4.7 billion annually.

This is raising a lot of questions in South Korea about the viability of keeping the US around, but the bigger task is for US officials, who are trying to somehow justify a $4.7 billion price tag that seemingly came out of nowhere.

Webmaster's Commentary: 

Seriously?!?

Why?!?

Nov 15 10:51

Tenuous truce in Gaza as Islamic Jihad, Israel differ on terms

Palestinian militant group Islamic Jihad and Israel declared a halt to hostilities across the Gaza Strip border on Thursday but a lasting ceasefire appeared tenuous as they differed on terms.

Islamic Jihad said an Egyptian-mediated truce went into effect at 0330 GMT, about 48 hours after Israel triggered the exchange of fire by killing the Iranian-backed faction’s top Gaza commander in an air strike, deeming him an imminent threat.

Occasional rocket fire from Gaza and a retaliatory Israeli air strike broke the calm, but the ceasefire largely held.

Webmaster's Commentary: 

I am hoping, and praying, that the cease-fire will hold; that being said, I am not holding my breath, that this is a done deal.

Nov 15 10:45

Trump Keeps Contradicting Pentagon on US Role in Syrian War

President Trump’s position on the Syrian War aims to further simplify matters. Turkey’s President Erdogan says he is worried about Turkey’s border with Syria, and President Trump sees an opportunity to contrast his own war, saying “we left troops behind only for the oil.”

In the context of US-Turkey relations, this seems very straightforward and avoids conflicts of interest. Admitting that the whole US war is for oil isn’t the panacea Trump thinks it is, however, and he’s running up against other US officials on this issue.

Lawmakers are couching the Syrian War as being about protecting the Kurds, while the Pentagon’s leadership sees it heavily built around fighting ISIS and continuing to work toward regime change in Syria. Some even suggest it’s about countering Russia.

Trump’s all-oil agenda directly contradicts everyone else, and gives the impression that the US is being deliberately evasive about its military agenda and where US foreign policy is going.

Webmaster's Commentary: 

This is a classic demonstration of "foreign policy by dart board"; unfortunately, however, none of the agencies involved, from the White House, to the Pentagon, to the State Department, are working from the same dartboard!!!

Nov 15 10:41

Drowning in Student Debt: Ways for Americans to Deal With What Is Now More than $1.6 Trillion in Loans

Some declare bankruptcy. Some flee overseas. Some grin and bear it. Ok, well, they bear it. Student loan costs are still rising.

Nov 15 10:00

Struggling to keep its economy growing, the city of Ruzhou spent big, but is now asking its health care workers for cash to stay afloat.

Struggling to keep its economy growing, the city of Ruzhou spent big, but is now asking its health care workers for cash to stay afloat.

Ruzhou, a city of one million people in central China, urgently needed a new hospital, their bosses said. To pay for it, the administrators were asking health care workers for loans. If employees didn’t have the money, they were pointed to banks where they could borrow it and then turn it over to the hospital.

Ruzhou is a city with a borrowing problem — and an emblem of the trillions of dollars in debt threatening the Chinese economy.

Webmaster's Commentary: 

Seriously?!?

IF true, the Central Chinese government is doing a pretty lousy job of planning and spending.

Nov 15 09:53

Forget GDP: Here Is The Scariest Data From China

Yesterday, shortly before China's data deluge, we reported that a Beijing-based think tank became the first Chinese economic research institute linked to the government to predict that China’s economic growth rate will slow below 6.0% next year. Specifically, The National Institution for Finance and Development (NIFD) on Wednesday said that China’s economic growth rate will slow to 5.8% in 2020 from an estimated 6.1% this year, a number which is already quite ambitious, not to say artificially goalseeked.

“The economic slowdown is already a trend,” said former central bank adviser Li Yang, who heads the institute that is affiliated to the Chinese Academy of Social Sciences (CASS). “We must resort to deepened supply-side structural reform to change it or smooth the slowdown, rather than solely rely on monetary or fiscal stimulus.”

Nov 15 09:48

The Crazy Card Worth Carrying

Nov 15 09:21

Gold Price Is Not The Price Of Gold

Nov 15 09:21

A Snapshot of Each State’s Financial Health

Nov 15 09:15

Global debt on track to exceed $250 TRILLION this year

A new report by the International Institute of Finance (IIF) shows the world’s debt climbed by $7.5 trillion in the first six months of 2019 to a record high of over $250 trillion. It was driven by borrowings in the US and China.

Nov 15 08:34

Real US Economic Numbers Troubling - Tim Wood

Nov 15 08:27

Could The Aramco IPO Kill OPEC?

Nov 15 08:15

Will Stocks Underperform In 2020?

Nov 15 06:46

More green shoots

Nov 15 06:30

China Is About To Get Angry: US Senate To Vote Show Of Support For Hong Kong Protesters

As noted moments ago, futures ramped to new record highs rising above 3,100 following a quote from top Trump advisor Larry Kudlow, who has figured out that he gets most bang for the buck in juicing futures when liquidity is virtually nil, around 8pm or so, when he told reporters that Phase One of the China deal is "down to the short strokes", adding that "we are in communication with them every single day right now", and repeating that "a deal is close", even if "it’s not done yet."

Webmaster's Commentary: 

(Sigh)Has complete, geopolitical tone-deafness, become a mandatory requirement for serving in Congress these days?!?

Nov 15 06:25

Casualties Of War: Military Veterans Have Become America's Walking Wounded

War sustains our way of life while killing us at the same time. As Pulitzer Prize-winning war correspondent and author Chris Hedges observes:

War is like a poison. And just as a cancer patient must at times ingest a poison to fight off a disease, so there are times in a society when we must ingest the poison of war to survive. But what we must understand is that just as the disease can kill us, so can the poison. If we don't understand what war is, how it perverts us, how it corrupts us, how it dehumanizes us, how it ultimately invites us to our own self-annihilation, then we can become the victim of war itself.

War also entertains us with its carnage, its killing fields, its thrills and chills and bloodied battles set to music and memorialized in books, on television, in video games, and in superhero films and blockbuster Hollywood movies financed in part by the military.

Webmaster's Commentary: 

I have a little thought for you to "chew on"; what if there was another, fully ratified, Amendment to the US Constitution, stipulating that all the children of appropriate military age belonging to the families of US politicians, were required to serve on the front lines of any declared, or undeclared, war?

Now, I know as well as a grown woman, that this isn't going to happen, but what if it did?!?

I would be very strongly inclined to bet that war wouldn't be the first modality this country would use, to get what it wanted economically or geopolitcally.

Nov 15 05:58

One Bank Finally Admits The Fed's "NOT QE" Is Indeed QE... And Could Lead To Financial Collapse

After a month of constant verbal gymnastics (and diarrhea from financial pundit sycophants who can't think creatively or originally and merely parrot their echo chamber in hopes of likes/retweets) by the Fed that the recent launch of $60 billion in T-Bill purchases is anything but QE (whatever you do, don't call it "QE 4", just call it "NOT QE" please), one bank finally had the guts to say what was so obvious to anyone who isn't challenged by simple logic: the Fed's "NOT QE" is really "QE."

In a note warning that the Fed's latest purchase program - whether one calls it QE or NOT QE - will have big, potentially catastrophic costs, Bank of America's Ralph Axel writes that in the aftermath of the Fed's new program of T-bill purchases to increase the amount of reserves in the banking system, the Fed made an effort to repeatedly inform markets that this is not a new round of quantitative easing, and yet as the BofA strategist notes, "in important ways it is similar."

Webmaster's Commentary: 

Forgive me, but that ... is an industrial-strength "OOPS, THERE!!"

Nov 15 05:28

Blain: There Is Too Much Money Pushing up Prices, And It All Ends With A Guillotine

As it’s a Friday I am contractually entitled to have a rant and whine about whatever I want to write about. Which, today, isn’t really the cut and thrust of markets.

To be brutally frank - we all know what the problems are: Too much money in the markets pushing up the prices of market assets. The fact is too much of that too much money is owned by too few people who use their too much money to buy all these financial assets. These too few people who own all the financial assets get richer everyday as their too much money makes their too many financial assets even more valuable. And these too few people get even richer by getting even more too much money to put into the already too expensive financial markets by “persuading” central banks to keep rates low, to buy financial assets through QE, and get their in-the-pocket politicians to enact tax cuts so their too much money is even more too much money…

With me so far??

Webmaster's Commentary: 

The parallels to the situation for the poor, right before the French Revolution (to which this author is alluding) are both unmistakable, and hauntingly real.

So the real question is, when everything fails, and the poorest of the poor cannot take their lot in life anymore, because their poverty has been thrust upon them, will the uber-rich have enough tools of suppression to stop the cascade of fury which will inevitably follow?!?

Only time will tell, but I am not holding my breath for a positive outcome here.

Nov 14 18:11

Google Has Its Eyes On Our Health and Banking Data — Project Nightingale and Project Cache

By Aaron Kesel

There has been serious backlash against Google for hoarding health data of 50 million Americans through Project Nightingale. The once social media giant is now shifting focus from just a search engine and video platform with its subsidiary YouTube, to a megalithic corporation seeking to monopolize our daily lives in not only health and technology but banking as well...

Nov 14 12:18

'OK, Boomer' Stop Buying Stocks, Fidelity Warns

Fidelity Investments in its third-quarter retirement report has a new warning for its greedy baby boomer clients: portfolio risk has never been higher as retirees are overly exposed to equities, running a serious risk that the next market meltdown could wipe out their retirement accounts, reported Bloomberg.

The report notes more than 33% of baby boomer clients have exceeded Fidelity's recommended allocation to equities.

Nov 14 12:16

The "Oh, $hit!" Moment For Subprime Auto Loans Arrives; Serious Delinquencies Blow Out

But it’s even worse than it looks. And this time, there is no jobs crisis. This time, it’s the result of greed by subprime lenders.

Serious auto-loan delinquencies – auto loans that are 90 days or more past due – in the third quarter of 2019, after an amazing trajectory, reached a historic high of $62 billion, according to data from the New York Fed today:

This $62 billion of seriously delinquent loan balances are what auto lenders, particularly those that specialize in subprime auto loans, such as Santander Consumer USA, Credit Acceptance Corporation, and many smaller specialized lenders are now trying to deal with. If they cannot cure the delinquency, they’re hiring specialized companies that repossess the vehicles to be sold at auction. The difference between the loan balance and the proceeds from the auction, plus the costs involved, are what a lender loses on the deal.

The repo business, however, is booming.

Webmaster's Commentary: 

These numbers are very scary; and they well may be just the tip of the iceberg here.

Nov 14 12:12

"No, No, You Guys; This US-Backed Military Coup Is Perfectly Legitimate!"

Authored by Caitlin Johnstone via Medium.com,

I just keep tripping on how dumb this latest US-backed military coup is. It’s in Bolivia in case you’ve lost track, which would be perfectly understandable since US-backed coups have become kind of like US mass shootings — there’s so many of them they’re starting to blend into each other.

I mean, for starters the justifications for this one are so cartoonishly reachy and desperate it boggles the mind a bit. The main argument you’ll see in favor of the coup is that Evo Morales was elected after Bolivia’s high court ruled that he could run for a fourth term, but the (democratically elected) court ruled against a 2016 referendum on presidential term limits.

That’s it. That weird, pedantic appeal to a particular interpretation of bureaucratic technicalities is the whole entire argument in support of a literal military coup backed by the United States.

Webmaster's Commentary: 

(Sigh) So what does this little country have, for which international (and US) businesses hunger for so mightily, that put it in the calendar for regime change in November of 2019?!?

Here, in a word, is what happened; and that word is "lithium."

Authored by Caitlin Johnstone via Medium.com,

I just keep tripping on how dumb this latest US-backed military coup is. It’s in Bolivia in case you’ve lost track, which would be perfectly understandable since US-backed coups have become kind of like US mass shootings — there’s so many of them they’re starting to blend into each other.

I mean, for starters the justifications for this one are so cartoonishly reachy and desperate it boggles the mind a bit. The main argument you’ll see in favor of the coup is that Evo Morales was elected after Bolivia’s high court ruled that he could run for a fourth term, but the (democratically elected) court ruled against a 2016 referendum on presidential term limits.

The Grayzone has published an article documenting this coup’s many ties to Washington. Put it all together, and you’ve got a US-backed military coup

The story goes on to state: "The overthrow of the elected leader cannot be understood without a glance at the nation's massive reserves of this crucial mineral."

by Vijay Prashad

"Bolivia’s key reserves are in lithium, which is essential for the electric car. Bolivia claims to have 70 percent of the world’s lithium reserves, mostly in the Salar de Uyuni salt flats. The complexity of the mining and processing has meant that Bolivia has not been able to develop the lithium industry on its own. It requires capital, and it requires expertise."

Tesla (United States) and Pure Energy Minerals (Canada) both showed great interest in having a direct stake in Bolivian lithium. But they could not make a deal that would take into consideration the parameters set by the Morales government. Morales himself was a direct impediment to the takeover of the lithium fields by the non-Chinese transnational firms. He had to go.

After the coup, Tesla’s stock rose astronomically."

Nov 14 11:29

Tax Slavery and The Great Scam of Democracy

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